621 Wilmington BlvdLos Angeles, CA 90744

This exceptional Los Angeles retail property, located at 621 Wilmington Blvd, offers a compelling value-add investment opportunity. The 3,360-square-foot building, situated on a 4,235-square-foot lot, boasts two units of open space, perfect for a variety of uses. Built in 1932 and renovated in 2005, the property features 14-foot ceilings, three rear parking spaces accessible via an alley, a walk-in freezer, an office, and a gated outside storage area. Previously used as a restaurant/store, the property includes a restroom and is equipped with 220 amps and commercial gas lines. Currently vacant, the property has a C2 zoning designation, allowing for exploration of various business types and potential mixed-use (residential) conversion, subject to city approval. The previous tenant paid $5,000 monthly rent. The asking price is $699,999. Occupancy is available October 2, 2024. This prime corner location presents a unique chance to capitalize on a strong Los Angeles market. While the property requires some work, the seller is aware and open to negotiation. This is an ideal opportunity for an investor seeking a high-return project with significant upside potential.